Director of Consulting Services
FOR IMMEDIATE RELEASE:
MSO, Inc. Forms Strategic Alliance with RiskMeter Online
Boston, MA, September 2008 - RiskMeter Online, a real-time natural hazard risk report service, today announced it has partnered with MSO®, Inc. (The Mutual Service Office, Inc.) , a licensed rating organization, which provides customized rating solutions for insurers in 9 states and the District of Columbia, with plans to expand into 8 additional states. This alliance will enable MSO users to run RiskMeter’s real-time, property risk reports on new business and renewals.
“In order for small and mid-sized regional companies to survive and thrive in today’s competitive property & casualty insurance industry, it’s crucial for them to streamline their underwriting operations,” explains Joy Casapullo, VP of Operations, MSO, Inc. “MSO has always worked with clients to provide them with customized rating solutions for their organizations, but we wanted to help our users to eliminate any unnecessary and repetitive underwriting tasks. A logical step was for MSO to partner with the RiskMeter Online, so users could assess property risk in the early stages of the underwriting process and determine whether a particular piece of business was worth writing,” says Casapullo.
the last few years many large insurers have started to see the huge cost benefits
of automating their underwriting processes,” explains Jamie Munson,
Director of Consulting Services, RiskMeter Online. “The RiskMeter has
partnered with a variety of vendors to help insurers to streamline their underwriting
processes, but our alliance with MSO is unique, in that they are focused on
helping small to mid-sized carriers in the North Eastern US level the playing
field against much larger competitors. As markets continue to soften, automation
is key to not only surviving but thriving.” says Munson.
About MSO, Inc.
MSO is a licensed rating organization, which provides customized rating solutions for insurers in 9 states and the District of Columbia, with plans to expand into 8 additional states. MSO was incorporated in 1944 by a group of New Jersey mutual insurers and its goal is to provide small to mid-sized mutual and stock insurers with an easier, more profitable way to underwrite risks. MSO provides custom rate and statistical services on all property and casualty lines, except boiler/machinery. All MSO products and services are designed to be easy to use, whether it's their custom forms and manuals or streamlined coding requirements, MSO strives to simplify every aspect of underwriting a risk.
For property underwriters and agents who are looking to increase accuracy, productivity and overall speed of operations, the RiskMeter Online (www.RiskMeter.com) is an Internet application used to automate property risk reports. By simply typing in an address, users can get back natural hazard information for a given policy location. The RiskMeter can perform more than 30 different reports, including: distance to coast, rating territory, flood zone, windpool eligibility, proximity to brush, EQ hazards and much more! For more information, please visit www.RiskMeter.com